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Good news report from Canada

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10 May 2008

23 April was the 23rd day of the tenth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

23 April 2008

The Financial Post - TSX rolls out the green carpet for 'clean-tech' listings (23 April 2008) The TSX Group exchanges intend to become a 'global leader' in listing clean energy technology companies in hopes of capitalizing on the frenzied pace of investment into the sector. Toronto's two exchanges are currently home to 94 clean-tech companies with a market cap of C$13-billion. 'The trends driving clean tech are the most massive thing I've ever seen,' said Rafael Coven, who runs the Cleantech Index, a composite of leading companies in the sector. Clean-tech companies are broadly defined as those using a new technology to reduce resource consumption and impact on the environment. They vary from wind and solar power producers to geothermal energy drillers.

Bloomberg News on Bank of Canada cuts interest rate (23 April 2008) The Bank of Canada lowered its benchmark rate by half a point to revive the slowing economy. However, unemployment last month was 6 per cent, close to a three-decade low, and wages are rising three times more quickly than consumer prices at the fastest pace in at least a decade. And Canada's trade surplus in February was the widest in nine months. So far these haven't flowed through to inflation, which remains benign, giving policy makers room to cut.

Reuters Canada - Economy in good shape, Flaherty says (23 April 2008) Canadian Finance Minister Jim Flaherty on Wednesday said the Canadian economy is in good shape. 'Our banks are well capitalized, they have good balance sheets, we have not had a housing bubble, and our homeowners have got good balance sheets,' he said.

From other Reuters Canada reports on this: The Canadian economy is equipped to withstand slower global growth thanks to strong fundamentals and a fiscal stimulus package that would help sustain growth, Flaherty said. He added that previous tax cuts, lower interest rates, and low inflation have helped Canada's economy. 'Our economy is resilient.' A stronger currency has helped keep price pressures in check and the housing market remained sound, he said.

The Canadian Press on February retail sales (23 April 2008) Analysts say there are lots of positives out there for Canadian consumers even though retailers reported their first sales decrease in five months of 0.7 per cent in February. 'Even with the setback, sales across the country were still up 5.7 per cent year-over-over. . . ,' Douglas Porter, deputy chief economist at BMO Capital Markets, said. 'Suffice it to say, one swallow does not make a summer, and one decline in Canadian retail sales does not make a slump.'

From a Globe and Mail report on this: The Bank of Canada pointed to consumers as a source of strength. Indeed, the February drop could well be a one-month blip in a persistent trend of consumer strength, said Douglas Porter 'While the doom-and-gloomers will jump all over this one-month slide, spending is still on track for quite a healthy performance in [the first quarter] overall and activity is still posting very solid year-on-year increases,' he said. 'Spending fundamentals remain sound in Canada, and confidence is holding up relatively well. This does not look like the start of a trend.'

From a Reuters Canada report on this: Economists noted that sales were simply returning to normal levels after two months of hefty gains. 'We still think that consumer spending in Canada is on solid footing,' said Jacqui Douglas, economics strategist at TD Securities. The Bank of Canada slashed its key interest rate to three per cent. And with employment levels soaring and wages going up, Canadians have plenty of reason to spend.

The Financial Post - Toronto Airport Authority signs declaration on climate change (23 April 2008) The Greater Toronto Airport Authority (GTAA), the group that runs Pearson Airport, signed a declaration on climate change at the Aviation & Environment Summit in Geneva. GTAA spokesman Scott Armstrong said that optimizing airport operations allowed it to reduce energy consumption by 10% in 2007, while increasing passenger traffic by 1.7%. 'We reduced our car and trucks fleet by 25% last year. We shut down an older terminal, we took part in Earth Hour, which allowed us to identify further scope for energy reduction,' he said. Mr Armstrong said the airport even found a way to recycle heat produced by its cogeneration power plant, to turn it into electricity.

The Montreal Gazette - Paper-recycling rate improves (22 April 2008) Paper-recycling rates in Canada hit 58 per cent last year, an improvement of one-third over 2002, the Forest Products Association of Canada (FPAC) said. 'It's time for industrial sectors to follow the public's lead . . . and set ambitious goals to meet the demand for sustainably-produced goods. . . . The forest products sector is ready to go further,' said FPAC chief executive Avrim Lazar. Carbon emissions from pulp and paper mills are down 44% from 1990 and renewable energy such as biomass now accounts for 60 per cent of the sector's energy supply, up from 49% in 1990, the association said. The goal is to become a net producer of renewable power, Lazar said.

The Toronto Star - Thousands of foster kids to get RESPs (23 April 2008) The Ontario government is ordering provincial children's aid societies to set up Registered Education Savings Plans (RESP) for all kids in foster care younger than age 6 receiving Ottawa's C$100-a-month child-care benefit. RESPs fund post-secondary education and grow tax-free. An annual contribution of C$1,200 from birth to age 6 would trigger C$340 a year in matching federal funds and C$1,000 in Canada Learning Bond payments up to age 6. After that, the RESP would grow by C$100 per year in Canada Learning Bond payments, until age 16. Assuming an annual investment return of 5.6 per cent, the RESP could be worth nearly C$23,000 by the time the child turns 18. It adds up to a crucial contribution to the future education of these vulnerable kids, say child welfare advocates. 'Now kids in care will get the same chance to save for their education as other children,' said social policy expert John Stapleton.

The Canadian Press - BC asks younger generation for fresh ideas to help preserve environment (22 April 2008) British Columbia's government is investing C$3 million to encourage young people to become environmental activists. The plan is to fight climate change through the Youth Climate Leadership Alliance, a programme that gives people between 17 and 28 years of age a chance to be ambassadors in fighting climate change. The money will be spent on government-sponsored jobs for young people in research, mitigation work, tree planting and climate outreach work.

The Vancouver Province - BCers born today can expect to live to almost 81 (23 April 2008) British Columbians born today can expect to live to almost 81, about 3 1/2 years longer than those born a generation ago, according to a new report. 'British Columbians have one of the highest life expectancies in the world,' Health Minister George Abbott said. 'Despite our aging population, British Columbian seniors are healthier and more active, and they are living longer than ever before.' 'It's not a surprise,' said Dr Perry Kendall of the Vancouver Coastal Health Authority. 'Year after year, life expectancy has been getting higher.' Dr Kendall said studies show BC's low rates of smoking and obesity and high rates of physical activity are the best in North America outside of Utah.

The Canadian Press - Boomers have clout as voters, consumers in growing movement to live green (22 April 2008) A new trend is emerging—the baby boomers are hopping on the environmental bandwagon in droves. And due to their enormous clout as consumers and voters, their support could provide the tipping point in forcing everyone else to go green too. 'This is something that's definitely on our radar, it's something that a lot of our members are interested in,' says Susan Eng, vice-president of advocacy for CARP, a group representing Canadians over the age of 50. Surveys of their members have shown soaring interest in environmental issues, she says. Eng says that if boomers decide en masse that an issue is important, it doesn't take long for others to follow.

These are a few of the news reports reflecting Canada's rising invincibility from the growing Yogic Flying groups across Canada and the Invincible America Assembly at Maharishi University of Management and Maharishi Vedic City, USA.

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